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119-hr-7754119th Congress

Take Your Rate Act of 2026

Sponsored By: Representative Barrett, Tom [R-MI-7]

Introduced

Summary

This bill would require the Department of Housing and Urban Development and the Federal Housing Finance Agency to jointly study the feasibility and impacts of making _federally backed mortgage loans portable_. The study would analyze operational, legal, budgetary, housing market, and safety-and-soundness questions and recommend whether a limited demonstration or alternative solutions make sense.

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  • Families and borrowers would get a formal analysis of how portability might help current homeowners, including an estimate of how many borrowers could benefit and what relief portability could offer.
  • Taxpayers and financial markets would receive an assessment of budgetary impacts and the safety and soundness implications for federal mortgage programs and for Fannie Mae and Freddie Mac.
  • Federal agencies and industry would be examined for rule changes and statutory needs, with optional consultation with Fannie Mae, Freddie Mac, the Federal Housing Administration, the Department of Veterans Affairs, the Department of Agriculture, lenders, and servicers.
  • Policymakers would get a joint report to the relevant House and Senate committees within 180 days after enactment with findings, policy recommendations, risk assessments, and any dissenting views.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Barrett, Tom [R-MI-7]

MI • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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